Banker bots: Amid increasing competition for top talent, banks could turn to AI January 4, 2022 Banks could begin to turn to artificial intelligence (AI), after the competition for top talent has prompted a battle of who can name the highest salary figure for newcomers. JPMorgan and Goldman Sachs have already dedicated teams to modernising their M&A advisory and capital markets businesses. And with pay for junior analysts at rival Morgan [...]
Inclusive leadership: Seven keys to a 21st-century skill January 4, 2022 “When everyone is included, everyone wins.” “Inclusion is not a matter of political correctness. It is the key to growth.” The long-time US civil rights activist, the Reverend Jesse Jackson, is often quoted on the subject of inclusion and these two particular axioms of his are becoming more relevant to business leaders with every passing [...]
Best of 2021: Why UK airlines are at odds with Heathrow December 27, 2021 The Civil Aviation Authority (CAA) managed to upset both airlines and Heathrow on 16 December when it confirmed the interim price cap which will be implemented at the London hub from 1 January. From the current £19.60 the charges will go up to £29.50 in 2020 prices, amounting to £30.19 per passenger because of the [...]
Frasers Group approaches JD Sports to buy Footasylum after CMA setback December 26, 2021 Mike Ashley, chairman of Frasers Group (Fraser), has offered to buy retail chain Footasylum from JD Sports (JD) executive chairman Peter Cowgill, according to The Sunday Times.
As Meta appeals the CMA’s slap down over the Giphy acquisition, we must steer clear of watchdog intervention December 26, 2021 It seems to have become accepted wisdom that big tech firms are too dominant and need to be broken up and regulated. This a narrative spun by a belief that bias from Silicon Valley creates unbalanced debate; it is also, generally speaking, the view of the elite – amongst many academics and the leadership of [...]
Meta appeals against UK watchdog ruling that it must sell Giphy December 23, 2021 Facebook's parent company Meta is appealing against a decision by the UK's competition watchdog ordering it to sell Giphy.
Action by competition watchdog frees leaseholders from costly contract terms December 22, 2021 Leaseholders of housebuilder Taylor Wimpey will no longer be subjected to ground rents that double every ten years after action by competition watchdog.
Microsoft’s $16bn Nuance bid secures EU antitrust approval December 21, 2021 Microsoft's $16bn (£12bn) bid for AI company Nuance has won approval from the European Commission following an antitrust probe.
Competition watchdog investigates complaint over treatment of whistleblower December 19, 2021 The UK's competition authority has reportedly launched an internal investigation into claims a director pressured a whistleblower to retract claims.
City Moves: Who’s switching jobs in the Square Mile today? December 17, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Carzam Online used car business Carzam’s has appointed Paddy Power’s former boss as a new executive chairman. Andy McCue, who spent a decade with the gaming and betting giant, was also CEO of The Restaurant Group during [...]